Univest Corporation of Pennsylvania (NASDAQ:UVSP) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Univest Corporation of Pennsylvania (NASDAQ:UVSP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.45 and traded as high as $35.05. Univest Corporation of Pennsylvania shares last traded at $35.02, with a volume of 164,245 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Univest Corporation of Pennsylvania currently has a consensus rating of “Hold” and an average price target of $35.00.

Univest Corporation of Pennsylvania Stock Performance

The company has a market cap of $983.36 million, a price-to-earnings ratio of 11.15 and a beta of 0.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $34.10 and its two-hundred day simple moving average is $32.48.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.82%. The business had revenue of $84.57 million during the quarter, compared to analysts’ expectations of $82.54 million. On average, equities analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. Univest Corporation of Pennsylvania’s payout ratio is 28.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UVSP. State of Alaska Department of Revenue acquired a new stake in shares of Univest Corporation of Pennsylvania in the third quarter valued at approximately $34,000. Russell Investments Group Ltd. purchased a new stake in Univest Corporation of Pennsylvania in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. boosted its stake in Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,252 shares during the period. Osaic Holdings Inc. acquired a new stake in Univest Corporation of Pennsylvania during the 2nd quarter worth $91,000. Finally, Tower Research Capital LLC TRC grew its position in Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,324 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.